The price very close to 7000$ and at some exchanges probably has already touched it at some moment but it's hard to tell whether will also stay there and rise up or pull back below.
Similar situation we had recently but it didn't last so let's wait for next couple of days and see how it will develope.
Topic: Bitcoin back to $7000 today? (Read 670 times)
it seems that it will be very difficult because there are no good news about the price of bitcoin but there is only bad news circulating in several international media so that the price of bitcoin is very difficult to rise.
Firstly, you are attacking news that never had an effect on the market in the first place to think it would just bring about some bullish sentiment into the market ?You guys should wake up and see that this is not a market presently driven by news and if it was, there is better news that would have actually caused a huge demand as it is now. Nevertheless, expecting bullish market at this point in time is a lot to ask for anyway, and it is best we just understand that no matter what, we are still in the bear market.
You are very fortunate to be able to buy Bitcoin at such a point. I am also very willing to invest in Bitcoin, but I don't have enough money to invest in it!
I think it's still very unlikely at this time that there is a lot of bad news that makes the price of bitcoin have trouble making price increases so I think the current price will still be below $ 7k until there is good news so it can experience a $ 7k price increase or even more, and it should be noted if there is good news.
it seems that it will be very difficult because there are no good news about the price of bitcoin but there is only bad news circulating in several international media so that the price of bitcoin is very difficult to rise.
The harder it is, the more chance we have. Getting the opportunity and the moment, is still easy to reach the goal as usual. I see no problem too much here. I started reinvesting at $6180. My thoughts are that the $5900 was a double bottom chart and we will be back to $8000 by Sept 21 (ETF deadline) with an expected "sell on the news" pullback then depending on that outcome, either sub $10000 or over $20000 by Jan 1. ETF acceptance means little except it is a sign of future adoption by the big money.
What we need is bitcoin powered cellular service. Every phone is free but has a mining app that is required to run in order to have service, companies that earn USD but take investment and pay dividends via BTC, and a country to adopt BTC as their national currency (hello Palestine)
-Isa
What we need is bitcoin powered cellular service. Every phone is free but has a mining app that is required to run in order to have service, companies that earn USD but take investment and pay dividends via BTC, and a country to adopt BTC as their national currency (hello Palestine)
-Isa
CNBCC give good predictions after they say bitcoin will dump, it will go up. Recently, they said it. After those announcements BTC usually goes up roughly 30%, so we should see $8500 and wait another signal from them.
There are many posts out there with analysis of their analytics.
The price of BTC will go up. given that the market is bearish now, it will hit the bull run and the prices will increases or all the coins, even for BTC. Instead of only HODL, we need to make investments too, to make that happen.
Of course, i bought it on under 6000$, so i have a good profit and it needs 200-300$ to reach 7000$, it gets easy even if the news are bad. It is going to be pumped this winter like in 2k17
The price of BTC will go up. given that the market is bearish now, it will hit the bull run and the prices will increases or all the coins, even for BTC. Instead of only HODL, we need to make investments too, to make that happen.
We have seen many jumps in the price of BTC but this is too early to predict. The price of BTC is facing continuous down falls and it will take time to reach $7k. I think it will take time until late September this year when ETF will get approved.
Its been trading sideways for more than 2 weeks now with no clear trend. But this current break out looks to be bullish for me. But it doesn't mean a massive bull run.
The graph shows that at least a break out run to $7K is the target. It may take some time as we all know that at this moment there's is a strong resistance at that $7K levels. We really need to see what would be the sentiments.
But I don't like ETF's as main catalyst though, i wanted to see a healthy break out and we really don't know if ETF's is going to be approved or not. Le'ts not buy those ETF's hype as it might harm the system in the long run.
I hope there can be an increase of up to $ 10k or more, but it will definitely take a long time, even for the end of the year, I think it's still difficult, even if you are talking about a $ 7,000 increase, I'm still not sure, because I see the market is still rising and falling.
You are right on the point about adoption is the key for Bitcoin's market to skyrocket but without the adoption part it looks highly unlikely for a further movement in the market as it seems like. ETF approval or the hype regarding the hearings will definitely help the market to revive in the future but I am scared of another correction that might help to drop the price again.
To be honest the recent slow upwards movement by Bitcoin is what makes the market interesting and attractive for the new investors. If the price keeps fluctuating day and night, it scares off the investors and loses it's market cap. Hopefully, the recent stable price of 6,400$ will keep increasing in coming days and start the bullish trend once it is time.
According to Elliott Wave's theory we just finished the 4th wave which was the correction. The 5th wave sees the total market volume getting decreased slowly and then the bullish trend starts. I know, it doesn't work according to the theories, but the indications are very similar as of now. Would be great if it really happens.
We have seen many jumps in the price of BTC but this is too early to predict. The price of BTC is facing continuous down falls and it will take time to reach $7k. I think it will take time until late September this year when ETF will get approved.
I think all the possibilities of rising and falling the price of bitcoin will occur and hopefully by the end of this year the price of bitcoin can increase prices by more than $ 7k, all you need to be able to control your patience.
Let's see after thr result of september's etf if it gets approved or rejected. The recent rejections should have dragged btc's price around close to 6k but it it was steady so an approval next month could likely send us above 7k again
I think all the possibilities of rising and falling the price of bitcoin will occur and hopefully by the end of this year the price of bitcoin can increase prices by more than $ 7k, all you need to be able to control your patience.
I started reinvesting at $6180. My thoughts are that the $5900 was a double bottom chart and we will be back to $8000 by Sept 21 (ETF deadline) with an expected "sell on the news" pullback then depending on that outcome, either sub $10000 or over $20000 by Jan 1. ETF acceptance means little except it is a sign of future adoption by the big money.
What we need is bitcoin powered cellular service. Every phone is free but has a mining app that is required to run in order to have service, companies that earn USD but take investment and pay dividends via BTC, and a country to adopt BTC as their national currency (hello Palestine)
-Isa
What we need is bitcoin powered cellular service. Every phone is free but has a mining app that is required to run in order to have service, companies that earn USD but take investment and pay dividends via BTC, and a country to adopt BTC as their national currency (hello Palestine)
-Isa
Expect the unexpected dude,as volatility is really in effect now and no one can predict tomorrow's value,you have bought in a cheaper price and that is enough reason for you to satisfy on how the value of bitcoin is going now.hopefully in months or so market will give good signal again and from that we can play normally again
I've seen some rumors that the current price jump of Bitcoin was connected with a poor situation with Bitmex. It was down for some reason today.
That rapid pump to $6,900 was said because of Bitmex.ETF acceptance means little except it is a sign of future adoption by the big money.
It's little in a way that there's no effect for its rejection. But the hopefuls think that this can get tons of money from the institutional investors but I doubt it will happen.
I think you are getting too much optimistic about bitcoin. It is the toughest situation for bitcoin right now and its hard call that the price of bitcoin will raise to $7k today. If it really happens then it will be great boost to the crypto currency market.
it seems that it will be very difficult because there are no good news about the price of bitcoin but there is only bad news circulating in several international media so that the price of bitcoin is very difficult to rise.
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